vintage leather and iron "POWER" bracelet

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Description
This is a bracelet or arm band of sorts that i have been hanging onto for years now. It is made up of individual iron (or some other heavy metal) bars with the word POWER pressed into it. The leather is worn but in good condition. I have no idea when its from or what it is for but i would love to know ifanybody knows what this is.
Condition
Fair
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